Economy of Iran

November 18, 2013 - 10:00am

Any potential thaw in U.S.-Iran relations is unlikely to relax long-standing economic sanctions that have hobbled the latter’s commercial and defense aviation sectors for decades. Most recently, United Nations’ Resolution 1696, in force since 2006 and in response to Iran’s nuclear ambitions, has limited Iran’s ability to obtain approved spare and replacement aircraft components and to conduct international financial transactions.

December 12, 2012 - 2:53pm

Two men pleaded guilty to charges related to the unlawful export of aircraft and aircraft parts from the U.S. to Iran, according to David Hale, U.S.

July 15, 2009 - 7:27am

A Tupolev Tu-154 operated by Iran’s Caspian Airlines crashed today near the city of Qazvin in northwestern Iran, killing all 168 people on board, according to country’s official state news service. The Russian-built airliner, one of five Tu-154Ms operated by the airline, crashed just before noon local time, 16 minutes after taking off from its base at Tehran Imam Khomeini International Airport on a flight to the Armenian capital Yerevan.

December 12, 2006 - 8:39am

At the start of last year, GIFAS merged with GITEP, an association of French defense and security electronics firms, bringing its total membership to 234 companies, including 199 equipment makers. The aerospace sector companies together employed 118,000 people in France–half a percent down on 2003. When the figures included the GITEP workforce, the total was 129,800.

November 27, 2006 - 11:35am

Western aerospace executives may be wary about attending the Iran airshow, but will be missing out on a great future business opportunity if they don’t go, according to the event’s organizers. The show is scheduled from November 28 to December 1 at the Kish Island Free Trade Zone–located close to Dubai and one of the main trading links between Iran and its neighbors in the Gulf.

September 25, 2006 - 7:44am

An Iranian-military Falcon 20 crashed after making a forced landing on a road in Orumiyeh, Iran, last month, killing all 11 aboard, including high-ranking officials in Iran’s revolutionary guard corps. A spokesman for the revolutionary guard blamed bad weather and engine failure for the accident. One report said the aircraft ran out of fuel as the crew was troubleshooting a problem.

 
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